Reading Time: 2 minutesBy Annette Nellen, Co-Editor of the South-Western Federal Taxation series On June 22, 2020, a bipartisan group of senators introduced the Universal Giving Pandemic Response Act (press release of Senator Lankford). This bill would expand the above-the-line maximum $300 charitable contribution deduction temporarily added by the CARES Act (P.L. 116-136, 3/27/20). As with the […]
Proposal for Above-the-Line Charitable Contributions
